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Net Income per Common Share (Tables)
6 Months Ended
Jun. 30, 2014
Net Income per Common Share  
Summary of earnings per share basic and diluted

 

 

 

Quarter Ended June 30,

 

Six Months Ended June 30,

 

(In millions, except per share data)

 

2014

 

2013

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

Basic net income per common share:

 

 

 

 

 

 

 

 

 

Net income

 

$

50.6

 

$

48.5

 

$

100.7

 

$

92.1

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

97.3

 

100.0

 

97.9

 

100.2

 

 

 

 

 

 

 

 

 

 

 

Basic net income per common share

 

$

0.52

 

$

0.49

 

$

1.03

 

$

0.92

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per common share:

 

 

 

 

 

 

 

 

 

Net income

 

$

50.6

 

$

48.5

 

$

100.7

 

$

92.1

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — Basic

 

97.3

 

100.0

 

97.9

 

100.2

 

Plus incremental shares from assumed conversions:

 

 

 

 

 

 

 

 

 

Restricted stock units

 

0.7

 

0.7

 

0.7

 

0.7

 

Stock options

 

1.2

 

1.1

 

1.3

 

1.1

 

Weighted average common shares outstanding — Dilutive

 

99.2

 

101.8

 

99.9

 

102.0

 

 

 

 

 

 

 

 

 

 

 

Diluted net income per common share

 

$

0.51

 

$

0.48

 

$

1.01

 

$

0.90